"It is easier to do it as leases roll over," he said.
"When those leases roll, there's a lot of money to be made for the building agent," he said.
Rents have risen sharply in the last five years, in some cases tripling as leases roll over, tenants and brokers say.
What are your numbers like? A. Because I have mostly long-term leases in my office properties, I have not seen a big decline, but, of course, as leases roll, we will be seeing some reduction.
But some of a REIT's funds from operation must be set aside to update space when leases roll over, and Wells does face that burden.
So he updated his wardrobe and junked his rust bucket for a leased Rolls-Royce sedan.
"Roll, roll, roll, roll, roll".
He leased a Rolls-Royce Phantom, parking it on the street outside the family's apartment, much to his mother's chagrin.
The first was a one-year lease for a Rolls-Royce Phantom Drophead Coupe with embroidered headrests and a brushed steel hood.
On the show, when the celebrity protagonist is spurred on by friends to impulsively lease that $300,000 Rolls-Royce, the fussbudget business manager -- named, not so coincidentally, Marvin -- goes ballistic, urging his client to get a Prius instead, and using the discussion to kvetch about the $1,500 phone bill as well.
Each drama and misstep – the bungled midnight coup, the port lease, the attempt to roll the NT Speaker, attorney general John Elferink's "slap" comment, the Palmerston hospital hole cover-up and everything else that was still to follow – simply cemented in people's minds the impression that this government was arrogant and out of touch.
